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Al Jazeera America
Dec 5, 2013 11:30am EST
is good for general motors, and vice versa. as the auto industry sank it took it's capitol of detroit with it. today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a tough day for all of us here in detroit [♪ music ] >> once the nation's fourth largest city, the heart of the auto industry and the soul of american music today's detroit is a portrait of urban decay and facing a water shed moment. it is the largest municipality in u.s. history to file for bankruptcy. a federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. dave bing is the outgoing mayor. >> the only way we st
Al Jazeera America
Dec 4, 2013 5:00pm EST
is widening, and jeopardizing the middle class. notic"inside story" is next. >> detroit prepares to navigate the road ahead in bankruptcy. but it's hardly alone in its efforts to solve the burden of runaway debt. i'm ray suarez. bankruptcy lessons learn and the real impact on people's lives. that's the "inside story." >> in the 1950s, a gm ceo famously said what is good for our country is good for general motors, and vice versa. as the auto industry sank it took it's capitol of detroit with it. today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a tough day for all of us here in detroit [♪ music ] >> once the nation's fourth largest city, the heart of th
Al Jazeera America
Dec 3, 2013 12:00pm EST
has ruled detroit is eligible for are bankruptcy. here is the detroit mayor now with reaction. let's listen in. >> let me just say that the judge has spoken, and i do think it's a tough day for all of us here in detroit. i believe since i came to office, with the crisis that we had, this was inevitable. i don't think anybody necessarily wanted to go in this direction, but now that we're here, it's more important that we work together as opposed to continuing to fight each other. it's very, very important, i think, that we respect the fact that the emergency manager has the key to the city at this point in time. my relationship with kevin has been positive from the beginning, you know, we don't agree on everything, but at the same token we do it in a very respectful way. i know there are a lot of people that are upset, that are concerned about their futures, but we are now starting from square one. there are going to be a lot of negotiations yet to come. there's going to be a lot of push and pull. i don't think we have a final determination as to what all of the elements are going to
MSNBC
Dec 3, 2013 2:00pm PST
. >> now with bankruptcy imminent. >> breaking news out of detroit right now. >> no, no, not detroit! no! retirees marched in it front of the courthouse in protest. >> there are no surprises in that ruling. >> this was a difficult and painful decision. >> so business as usual in detroit. >> a chance, i think, to move forward with a clean slate. >> lots of misinformation surrounding this story. i'm setting the record straight here. >> have a human dimension, because there are pensions, retiree issue. retirees, pensioners. >> citizens are customers. >> rick, have you ever heard the expression, the customer is always right? >> i don't look at -- >> the consequences could be devastating, if you care about people. >> you know, when i said i was very pleased, i very specifically stayed away from the, you know, word "happy." >> good to have you with us tonight. thanks for watching. what happened in detroit today is not american exceptionalism. something that the republicans and conservatives love to talk about all of the time. no, today is a failure. today is a managed failure. but i want t
CSPAN
Dec 7, 2013 6:00am EST
rand paul of kentucky speaking yesterday at the detroit economic club about jobs and the economy. after that, "washington journal." live at 7:00 a.m. eastern. followed by a house subcommittee hearing on the status of disability claims at the veterans affairs epartment. [applause] >> well, good afternoon, ladies and gentlemen. on this nice brisk detroit, michigan day. it's my honor to introduce dr. rand paul, the junior senator from kentucky, the united states senator. he was elected in 2010 and certainly has made his mark in just a very short time. he has proven to be an outspoken champion for constitutional liberty and fiscal responsibility. and a warrior against government overreach. among his first legislative proposals, cutting of $500 billion federal funding proposal and a plan to balance the federal budget in just 5 years. he has since introduced similar bills with growing support. in the senate, senator rand serves on the foreign relations committee, the health and education and labor and pension, homeland security, and government affairs, and the small business committee.
FOX News
Dec 4, 2013 7:00pm PST
is next and tonight senator rand paul will talk about his plan to revive the city of detroit that the president said would never go bankrupt. he saved it. martin bashir is done, finished. he handed in his resignation letter at nbc news for the disparaging, vile comments made about governor sarah palin. bob beckel and andrea tantaros react. peter sweitzer has details on a new report here. in three and a half years leading up to the obama care website, the president and secretary sebelius never had a one on one meeting. i'm even shocked at the this. we'll find out. ♪ [ male announcer ] they are a glowing example of what it means to the best. and at this special time of year, they shine even brighter. come to the winter event and get the merces-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease e 2014 e350 for $579 a month at your local mercedes-benz dealer. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagin
FOX News
Dec 4, 2013 10:00pm PST
revive the city of detroit that the president said would never go bankrupt. he saved it. martin bashir is done, finished. he handed in his resignation letter at nbc news for the disparaging, vile comments made about governor sarah palin. bob beckel and andrea tantaros react. peter sweitzer has details on a new report here. in three and a half years leading up to the obama care website, the president and secretary sebelius never had a one on one meeting. i'm even shocked at the this. we'll find out. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome to "hannity" earlier today president obama gave a very long-winded speech and addressed the topic he likes to call,
FOX Business
Dec 8, 2013 2:30am EST
resuscitate detroit, senator rand paul is here revealing his free market blueprint to get the motor city rolling again. with more cities on the brink, they might learn a thing or two before they go bust, too. plus -- >> there will be no more taxpayer funded bayouilouts, period. >> america is getting fed up. now the white house may be about to hand insurance companies another massive bailout because of obama care and you'll be paying for it. then, listen up, kids, don't be a maker, be a taker. a 6thgrader getting schooled in liberalism and it might make parents' heads explode. >> i can't raise money, work hard, have a good work ethic, but they can beg. >> they told her to beg, but we beg to differ. cashing in, always seeking the truth, starts right now. >> hi, everyone. detroit is beaten, burned out and now bankrupt but a beam of bright light is emerging from the right. this an exclusive interview you will see only here. senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by t
Al Jazeera America
Dec 3, 2013 11:00am EST
. a key ruling on detroit's bankruptcy filing is handed down. >>> new efforts to bring home an american detained in in cuba. >>> plus the white house prepares a new defense of the affordable care act. the president is set to speak a few hours from now. ♪ >>> we have breaking news to report to you out of detroit. the judge in the bankruptcy filing there that was ruling on the edgeablety has ruled that detroit can proceed with its bankruptcy filings. let's go straight to our reporter in report. bisi onile-ere. bisi, the judge has made the ruling. what is at steak here? >> reporter: there are a number of things at steak. retiree pensions are on the line. these are checks that people depend on every month. and masterpieces at the detroit institutes of art could be auctioned off to help get the city back on financial footing. this hearing has been going on for about an hour now. and the judge put together a 180-page report detailing his decision to declare the city bankrupt. as you can see behind me there are about 60-plus protesters that are opposed to this bankruptcy. they have
FOX Business
Dec 3, 2013 11:00am EST
, gains going back today. connell: breaking news in a detroit courtroom where a federal judge is ruling whether or not the city can continue with its bankruptcy filing. dagen: a win for the city? jeff flock live from detroit with the latest. jeff: it is accused ruling. for the first time ever a federal judge has ruled in detroit std may cut, diminish the pensions of municipal workers in bankruptcy, first time there has ever been a ruling like this and it may have huge implications across the country. we are seeing out here on the street protests against this. i heard the crowd back here saying judge rose can go to hell. judge stephen rhodes went farther than people thought he would go. many speculated he would approve a bankruptcy filing but the city hasn't met its obligation. it is insolvent, $18 million in debt and negotiated in good faith with its creditors prior to the filing but went farther than that. he could have set aside the pension issue but instead he said in fact the city has the right to cut pensions as part of its reorganization plan. i should that he did not say h
Al Jazeera America
Dec 3, 2013 9:00pm EST
allows detroit to declare bankruptcy. they are dealing with $20 billion in debt. pensions of city workers could be on the chopping block. >> a new clue in the deadly train crash. a union official says the evening near was nodding off before the train veered off the tracks the metro was traveling 50 miles-per-hour over the speed limit. >> president obama will not let critics kill the affordable care actment thact. the republicans are routing fore rooting for it to fail. >> forensic scientists have concluded that yasser arafat died of natural causes and was not poisoned it contradicts an earlier swiss report that found that the palestinian leader was poisoned by radioactive polonium. those are the headlines i'm john siegenthaler. america tonight is coming up next with joie chen. i will be back at 11:00 eastern and 8:00 pacific you can get the latest news at aljazeera.com. ♪ >> on america tonight. will they turn out the lights? detroit is clear to go forward on bankruptcy. will it be the move that saves the city services. >> we need everything. we need rigs. we need fire trucks rig
MSNBC
Dec 3, 2013 9:00am PST
but it's not near to 78,000. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and only eight days of congress. it's december 3rd and this is "now." don't call it a comeback. house of representatives back in washington this week presumably to resolve pressing legislative issues but more likely to waste taxpayer dollars fighting over the same old stuff they have been fighting about all along. as typical congress has given itself very little time to get anything done. the two chambers are in session together for just four more days this year. that is 96 hours to broker a budget deal before the december 13th deadline, not to mention the dozens of other bills that the republican-led house either ignored or rejected including but not limited to comprehensive immigration reform which passed the senate over five months ago ending employment discrimination, which more than two-thirds of the country supports and a farm bill which the ho
FOX News
Dec 5, 2013 1:00am PST
market, baby. >>> detroit is in deep trouble. now they're eligible for bankruptcy. what's next? >>> and a big shakeup over at msnbc after vile comments about sarah palin. up next. ♪ i want to hold your hand ♪ ♪ you love it but you hate it and you need it all the same ♪ >>> yesterday, a federal judge cleared the way for the city of detroit to file for bankruptcy, a monumental fall for one of america's largest cities. in detroit, bankruptcy may be the only thing that saves the city. it is $18 billion in debt. much more on the way thanks to greedy unions, mass i have pensions and bloated salaries. redistribution was the model there. it destroyed a once massive powerhouse. listen though this smart young rapper get to the root of the problem. he's got a good solution to fix it. >> all it is basically is drugs and poverty. i mean, every kid has his own decision. kids pay say i ended up because of the neighborhood i live in. it's your choice whether you want to make it or you don't. whether you want to be another statistic, another drug dealer that they know about, or be somebody succe
Al Jazeera America
Dec 4, 2013 12:00am EST
welcome to al jazeera america, i'm john siegenthaler in new york. here are the top stories. detroit has officially become the largest city in the u.s. to go bankrupt. a federal judge cleared the way for officials to deal with $20 billion in debt. pensions of city workers and retirees could be on the chopping block. that possibility sparks protests. >>> federal investigators say it's too soon to say what caused the derailment in new york. a union official said the engineer was nodding off before the train lost control at 89 miles per hour. four people died, 60 were injured in the crash. vice president joe biden has arrived in beijing. he's meeting with leaders with the territorial dispute in japan. the fighting is heating up. tokyo on tuesday, joe biden emphasised u.s. support for japan. >> there are more protesters in the capital of kiev ukraine. demonstrators are demanding that the government step down. they are angry at the president rejecting closer ties. sneeze are the headlines. "america tonight" is up next. you can always get the latest news on aljazeera.com. see you back here
Al Jazeera America
Dec 4, 2013 4:00am EST
following this hour: the motor city is bankrupt. detroit once the nation's fourth largest city can begin to shed its $20 billion debt. it could mean cutting the pensions of thousands of retired city workers. >> the engineer in control of the train was nodding off shortly before the train lost control in new york. the federal agencies investigating the crash removed the rail union from the investigation saying there was a breach in confidentiality. >> vice president joe biden is on a week-long trip to asia to ease tensions. the plane arrived in china and plans to bring up the island controversy in beijing. while in japan he voiced support. >> the president is defending the health care website. t the white house will campaign for the site. the deadline is 23rd december to register register: you can get the latest online with aljazeera.com. need manpower. also tonight. lessons learned? the latest read on how u.s. students stack up and what it really says about american i hadcation. hadcation -- education. >> and fashion build. what role you play in one of the world's most polluted places. w
FOX News
Dec 3, 2013 3:00pm PST
granting of bankruptcy protection for detroit. >> reporter: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the exodus that followed automotive jobs. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the
CSPAN
Dec 6, 2013 8:00pm EST
detroit economic club about jobs and the economy. former secretaries of state madeleine albright and hillary clinton come a remembering south african president nelson mandela. and a white house briefing with secretary jay carney. >> the book affairs events from washington, putting you in the room at congressional hearings, white house event, briefings, and conferences. and complete gavel-to-gavel coverage of the u.s. house. we are c-span, created by the cable tv industry and funded by your local cable or satellite provider. now you can watch us in hd. >> republican senator rand paul at the detroit economic club. some have considered him as a presidential candidate although he himself has not made any formal announcement. this event is part of the road to the white house 2016 coverage. [applause] cracks good afternoon, ladies and gentlemen. on this nice brisk detroit michigan day, it is my honor to introduce dr. rand paul, the junior senator from kentucky. the united states senator elected in 2010 and has certainly made his mark in just a very short time. he has proven to be an outspo
Al Jazeera America
Dec 3, 2013 6:00pm EST
stories. detroit is bankrupt. >>> a judge made it official today. current bills will be paid but pensions are due to be cut. a new look at the death of yasser arafat. experts say the palestinian leader was not poisoned. and the moment that divers found a shipwreck survivor right after the tugboat sank. it is, indeed, a momentous day. that is how a federal judge ended the hearing announcing that detroit is available t bece a bankrupt city. it is $18 billion in debt but not without potentially hurting pensioners. we're in detroit, diane, the big question now is moving forward how long does this whole process take? >> we're likely to see a reorganization plan in a month or so. but it is likely to be met with opposition from current municipal employees. >> reporter: the judge gave detroit state appointed emergency manager to file bankruptcy. outside the courts were protesters. >> services, pensions will be on the chopping block, our art institutes the water. >> it may be the only way to breathe new life into detroit given it's $18 billion debt crumbling infrastructure, and high crime
CSPAN
Dec 6, 2013 12:00pm EST
, kentucky senator rand paul speaking at the economic -- detroit economic club. talking about jobs and the economy coming up live at 12:35 eastern right here on c-span. treasury secretary jacob lew gave update on the dodd-frank regulation law. speaking at an event hosted by the pew charitable trust, secretary said the obama administration would press for more comprehensive global financial regulation in up coming g20 summit in australia. >> good morning everyone and thank you so much for joining us for this very special event. little housekeeping before i get started. please once secretary lew finish his remarks, stay seated. @&c"pe hosting this 76th secretary of the united states treasury jack lew. it has become a major influential voice on many of the toughest issues confronting society today. throughout 65 year history, pew has remain faithful to the guiding principle. tell the truth, and trust the people. be it healthcare, be it environment, economic mobility, pew has spoken truth to power to improve the lives of millions of people throughout the world. of course almost two yea
CSPAN
Dec 6, 2013 10:00pm EST
at the detroit economic club about the jobs and the economy. secretaries ormer of state madeliene albright and hillary clinton remembering former south african president, nelson mandela. and with the white house with press secretary jay carney. >> good afternoon, ladies and gentlemen. n this nice brisk detroit, michigan day, it's my honor to introduce dr. rand paul, the junior senator from kentucky. the united states senator. e was elected in 2010 and certainly has made his mark in just a very short time. outspoken to be an champion for constitutional liberties and fiscal responsibility. and a warrior against government overreach. proposals, rst cutting a funding proprose sal nd a plan to balance the federal budget in just five years. he has since introduced similar bills with growing support. n the senate, senator rand served on the foreign relations committee, the health, education, and labor and pension homeland security, and government affairs and the small business committee. a graduate of duke university paolo of medicine, dr. was a practicing ophthalmologist in bowling gree
FOX News
Dec 4, 2013 2:00pm PST
a human backdrop? >> they've replaced the potted plant industry. >>> directly ahead, detroit is in deep financial trouble. now one of america's largest cities is eligible for bankruptcy. what's next? we'll break down the motown money woes. >>> and later, a big shake-up over at msnbc after vile comments about governor sarah palin. those new developments coming up on "the five." ♪ i want to hold your hand ♪ i wanna hold your hand >>> yesterday a federal judge cleared the way for the city of detroit to file for bankruptcy, a monumental fall for one of america's largest cities, but a detroit bankruptcy may be the only thing that actually saves detroit. it's a city that was being strangled by debt, $18 billion worth, and much more on the way thanks to greedy unions, bloated salaries, massive pensions. redistribution with the business model for detroit, and redistribution along with a whole lot of union support destroyed a once global manufacturing powerhouse. there's a major cultural problem there, too. listen to this smart young african-american rapper get to the root of the proble
Bloomberg
Dec 12, 2013 9:00pm EST
stanley fischer is a big deal. we will talk about that. detroit revival, we will take you on that journey. we bear farewell to home plate collision. they saw runners will no longer be able to knock over the catcher and try to jar the ball loose. as for catchers, no more blocking the plate. >> in motors, peugeot announced annual sales will be four percent lower and two years later than targeted. gm says it will sell its entire remaining stake in the company worth about $350 million. this says peugeot looking elsewhere for new alliances. bad news for the french but good news in detroit. the incoming gm ceo is the first woman to run a major automaker ever. she is also on the cover of this week's" bloomberg businessweek." she is up for the challenge. listen to what bob martin delhi had to say. -- bob nardelli had to say. >> she's got good focus but the challenge will be the competition, to enhance the platform and differentiate the blame -- brands. she will have to separate herself a little bit and bring that outside in perspective to be able to change what she had put in place. that
MSNBC
Dec 26, 2013 6:00pm PST
fire-breathing dragon in detroit with the dj booth on the back and because detroit's going bankrupt, there's a lot of -- and the art is going to be maybe sold. so they did this project to sort of -- to save the art. >> that was the save the art thing. and of all the best new things in the world this year, that was the most visually stunning one. >> the motor city, the great city of detroit has produced lots of great cars, lots of great art, lots of great music over the years. and now the great city of detroit has produced this. behold, the light dragon! this is the brainchild of two artists, detroit-based artist ryan doyle and a hong kong-born artist called teddy low. it is called the light dragon. it is made entirely of salvaged metal and rubber and lights. it is apparently 60 feet long and it weighs 17,000 pounds. it sits on top of a stripped down 1963 dodge dump truck. it's equipped with 2,500 feet of color-changing l.e.d. lights. and because it is a dragon, naturally, it can breathe fire. no, really, it can shoot a 20-foot burst of flame through its dragon nostrils. that part is
CSPAN
Dec 8, 2013 5:30pm EST
detroit if they can't later get such jobs because of an out-of-control war on drugs. mandatory minimum sentences that force judges to give 10, 20, sometimes 50 year sentences for drug offenses are crazy and they've got to end. it is a human tragedy. it is an idea of justice. and there need to be new voices from either party that will say it's time to change. this is whay i've joined with democrats on this. [applause] i've joined with democrats on this. i'm working with senator leahy from vermont to try to give junls more freedom, more leeway when it comes to sentencing. if it were your kid would you want to know whether it was their first crime? whether there's a chance to rehabilitate them? whether it's a drug addiction problem that's a health problem and not going to get better in prison? would you want to know there might be other solutions? nonviolent felons who serve their time should get back in society, should be able to get a job, be able to vote, have a life and have a family. their children should look at what comes from happiness and hard work. we talk about the fami
PBS
Dec 3, 2013 7:00pm PST
/nbr. >>> in detroit, the city becomes the largest to enter bankruptcy. what happens next? >> auto makers symbol of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowou
PBS
Dec 4, 2013 6:30pm PST
the ruling in detroit and the overhaul in illinois signal a change to retirement benefits nationwide? all that and more tonight on "nightly business report" for wednesday, december 4th. >>> good evening everyone. it's four in a row. the dow and s&p fell again today backing away from last week's record setting highs. blame it on a new bach of positive reports on jobs, housing and the upbeat survey on the economy. the take away for investors, the fed will taper back stimulus plans and that might not be good for the markets. all this comes just two days before the release of the monthly jobs report. a key data point for central bank policy makers. it's no wonder stock averages between gains and losses and finally ending mostly in the red for the day. the dow lost 25 but down as much as 125 earlier in the day and the nasdaq edged up a fraction and s&p fell two points. the same concerns about the fed's next move sent the yield on the benchmark treasury note above 2.8%, the highest since september. >> how does the federal reserve see the economy right now as it prepares for the next policy
MSNBC
Dec 4, 2013 12:00am PST
having a good effect. thank you, both. coming up, today in detroit, life got even harder for a lot of people. >>> for 29 years they took out money from my check to go in to my pension. and the city was supposed to put out an equal amount of money. they didn't fund it like they were supposed to but they got my money, and then they sit around now and they're going to renig on the promise that we got. >> i'm going to talk about how wall street is screwing detroit retirees out of their pensions. >>> today congress managed to get it together to pass something unanimously. it was a bill with "loose change" in the title. [ male announcer ] this duracell truck has some very special power. ♪ [ toys chattering ] it's filled with new duracell quantum batteries. [ toy meows ] [ dog whines ] [ toy meows ] these red batteries are so powerful... that this year they'll power all the hasbro toys donated to toys for tots. want to help power some smiles? duracell. trusted everywhere. >>> we don't want one penny cut from the city of detroits employees. >> about 20,000 workers were promised pensions. a
MSNBC
Dec 3, 2013 5:00pm PST
that point to the fact it is having a good effect. thank you, both. coming up, today in detroit, life got even harder for a lot of people. >>> for 29 years they took out money from my check to go in to my pension. and the city was supposed to put out an equal amount of money. they didn't fund it like they were supposed to but they got my money, and then they sit around now and they're going to renig on the promise that we got. >> i'm going to talk about how wall street is screwing detroit retirees out of their pensions. in the nation, we know how you feel about your car. so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we don't have shareholders. join the nation. ♪ baby... ♪ nationwide is on your side ♪ >>> today congress managed to get it together to pass something unanimously. it was a bill with "loose change" in the title. [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probi
CSPAN
Dec 8, 2013 3:10pm EST
at a." on c-span's "q and >> republican senator rand paul spoke at the detroit economic club about jobs and the economy. legislation hew plans on introducing when the senate returns this week. some have considered him as a potential candidate in the next presidential election, though he himself has not made any formal announcement. event is part of c-span's road to the white house 2016 coverage. [applause] >> good afternoon, ladies and gentlemen. on this nice, brisk detroit michigan day. introduce dr. to rand paul, the junior senator from kentucky. he was elected in 2010 and certainly has made his mark in a very short time. he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility. and a warrior against government overreach. among his first legislative proposals, cutting a $500 billion federal spending proposal and a plan to balance the federal budget in just five years. he has since introduced several bills with growing support. in the senate, he serves on the foreign relations committee. education, labor and pension, homeland security, and g
MSNBC
Dec 3, 2013 8:00am PST
? we'll take a look at that. >>> also ahead, have you heard detroit bracing for a bankruptcy ruling today. right now the judge is reading his decision in a courtroom on whether the city can go ahead with a chapter 9 feeling. what sdmeejt for the people and the ripple effects it could have across the country. like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. mmm! this is delicious katie. it's not bad for canned soup, right? pfft! [ laughs ] you nearly had us there. canned soup. [ male announcer ] they just might think it's homemade. try campbell's homestyle soup. >>> on the national mall right
PBS
Dec 6, 2013 7:30pm PST
washington, detroit is headed into bankruptcy, pensions are disappearing and low wage workers say they're being left out. >> people cannot survive on $8.25 in this country. gwen: and -- we remember nelson mandela. >> there's mr. mandela, mr. nelson mandela, a free man taking his first steps into a new south africa. gwen: covering the week, jackie calmes of the "new york times," michael fletcher of "the washington post," and david wessel of "the wall street journal." >> award-winning reporting and analysis covering history as it happens. live, from our nation's capitol, this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by -- we know inw-up, cyber world, threats are always evolving. we were protecting networks, then we were protecting the transfer of data, today, it's evolved to , finance, and military missions. constantly innovating to advance the front line in the cyber battle wherever it takes us. of performance. northrop grumman. additional corporate funding for "washington week" is provided by prudential. providedl funding is annenbe
NBC
Dec 9, 2013 12:30am PST
go to break. >>> detroit became the largest u.s. city to declare bankruptcy this week. the motor city, the former icon of america will now restructure more than $18 billion in death. joining us is dennis archer. he's mayor of detroit, michigan. we want to thank you for being here today. >> thank you very much for having me. >> is this a good thing for detroit? >> absolutely. when you consider that we're going to run out of cash, have no money to pay any bills by tend of this month or no later than january of 2014. there really was no choice. >> it will mean likely that those who have been holding onto some of these promises made to them will be left out in the cold. >> let me make this observation, from everything i know about the judge who have shared with me high regard of being very fair and thorough and very circumspect. when it's all said and done there's going to be high regard and respect shown to pensioners, creditors and bondholders. >> this is something the rest of the nation has been looking to. >> as judge rhoade said in his opinion, that the pensioners have a contractual
Al Jazeera America
Dec 3, 2013 7:00pm EST
. detroit faces tough decisions after the federal judge accepted it's bankruptcy filings. the city is $18 billion in debt which will include cuts to pensions. >>> the engineer in control of the train that derailed outside of new york city found himself nodding just before the accident. >>> and at the white house many called on president obama to help free alan gross. he has been held in a cuban prison for four years is facing a 15-year prison. >>> forensic scientists in fran say yasser arafat died of natural causes and was not poisons which contradict swiss findings that found high levels of polonium. >>> thailand's prime minister yingluck shinawatra has alreadied police to stott fighting with protesters. david shuster i is in for ali velshi. >> public pensions are on the chopping block. tonight a landmark ruling for detroit. a new legislation in illinois will have big i a implications r retirees and pensioners everywhere. >>> the seismic shift making pushy car dealers the thing of the past. i'm david shuster in for ali velshi. and this is "real money." >> this is real money, and you are
Al Jazeera America
Dec 3, 2013 11:00pm EST
- a proud city makes history for the wrong reasons. the grim news and steps to save detroit from the grim. >> biden in beijing. the vice president in china for a crucial visit. >> image is everything. this is not a photograph of morgan freeman. what it is is simply extraordinary. >> you are looking at live pictures of air force two in beijing china. vice president joe biden landed, days after the b 52 flew no disputed airspace over the south china sea, and questions about the disputed islands between japan and china. that's what the vice president is talking about in budget after leaving japan. we'll have more on that in a moment. >> we begin with this - the deadly train derailment. investigators say it was travelling at 82 miles per hour, three times the limit before the crashing, killing four, leaving dozens injured. with the speed we are learning something new about the man at the controls and what happened in the seconds before the disaster. lisa stark has more on that. >> they wouldn't say what condition rockefella may have been in. there's no indication of mechanical problems.
Al Jazeera America
Dec 22, 2013 12:00am EST
be served. >> justice has not been served. >> now on to detroit, where we have been reporting on the motor city's struggles with bankruptcy as it tries to figure out what valuable assets it can sell to pay the bills. this week it got estimates from christie's that its art collection was worth $877 million. >> a few famous pieces van go's self-portrait could fetch up to $150 million. and "the wedding dance", could go for $200 million. the director of the institute of arts explains how all the art ended up in detroit. >> well, it was when great works of art came on to the market at an enormous rate at very, very good prices, along with cleveland and philadelphia, cities that saw huge explosions in the industrial era, it relates an extraordinary moment in american history and a bringing together of cultures from all around the world. >> this week we spoke with robert de meshel that shared the history of art in detroit. >> it's through the efforts of lumber barrons, families, russell elder, james and george script, media tik ons. >> the big names of detroit. >> right. and charles frooer,
PBS
Dec 4, 2013 6:00pm PST
for joining us. >> thank you, gwen. >> woodruff: tuesday's decisions in detroit and illinois put a dramatic spotlight on public workers' pensions and why they're under increasing pressure in states and cities facing huge debt problems. the fights are charged with more skirmishes to come in court, but this week's action may be changing the landscape. the battle over the public employee pension crunch in illinois-- the nation's worst-- came to a head yesterday, as state lawmakers voted to eliminate a $100 billion unfunded liability. it passed with bipartisan support, although the votes were close, and some were more enthusiastic than others. >> i think it's a win-win and the excuses i'm hearing from people who don't want to support it don't add up to me. >> this is hard for a lot of people in our state so it's not something that i feel joy about. >> woodruff: the measure cuts cost-of-living increases for current and future retirees and raises the retirement age for those under 45. many aren't happy about it. >> when you've been employed by the state for 20 years and you're counting o
MSNBC
Dec 28, 2013 3:00am PST
. >> that doesn't top the fire breathing dragon. detroit is going bankrupt. and art is going to be sold. >> that was of all the best new things in the world, that was the most visually stunning. the motor city, the great city of detroit has produced lots of great cars, lots of great art, lots of great music over the years. now the great city of detroit has produced this. behold the light dragon. this is the brain child of two artists, ryan doyle and a hong kong artist named teddy lowe. the light dragon is made entirely of salvaged metal, rubber and lights. it weighs 17,000 pounds. because it is a dragon, naturally it can breathe fire. no, really. it can shoot a 20-foot burst of flame through its dragon nostrils. the city of detroit is going through a bit of a rough stretch. the city filed for bankruptcy in july. they have been under the control of an emergency manager who makes all the decisions regarding the city's finances. that has rendered local democracy essentially dead in democracy. one of the things that emergency manager did in the city recently is hired christie's auction
PBS
Dec 3, 2013 6:00pm PST
municipal bankruptcy in u.s. history gets the green light. a judge ruled detroit can shed billions in debt and reduce public pensions while overhauling its finances. >> woodruff: and tensions are rising in asia, where vice president biden voiced support for japan as it feuds with china over islands and airspace. >> we, the united states, are deeply concerned by the attempt to unilaterally change the status quo in the east china sea. >> those are just some of the stories we are covering on tonight's pbs news hours. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the president sought to shift the focus today, away from what's gone wrong wi
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